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    <title>Modalities for filing of placement memorandum through a Merchant Banker</title>
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    <description>AIFs must file placement memoranda through a SEBI-registered Merchant Banker who shall independently exercise due diligence on all disclosures, provide a prescribed due diligence certificate at the time of filing and for annual intimations of changes, and disclose the Merchant Banker&#039;s details in the placement memorandum; Merchant Bankers must follow Annexure A/B formats and accompanying annexure checklists cross-referencing compliance with applicable AIF Regulations, and may not be associates of the AIF, its sponsor, manager or trustee.</description>
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